China to lead data center and hosting market growth in APAC through 2023, says GlobalData

NEWS RELEASE



For immediate release: 17th December 2019- @OpinePR

China to lead data center and hosting market growth in APAC through 2023, says GlobalData

China is set to lead the Asia-Pacific (APAC) data center and hosting market with 36% share in the region’s overall estimated revenue in 2023, says GlobalData, a leading data and analytics company.   


According to GlobalData’s Market Opportunity Forecasts Model, the data center and hosting market revenue in China is estimated to reach US$11.5bn in 2023. China, Japan, Australia, India and South Korea will be the five leading revenue generating countries, accounting for nearly 80% of the overall data center and hosting revenue in the region, which is estimated to be US$32bn in 2023.


Sunil Kumar Verma, Lead ICT Analyst at GlobalData, comments: “Growing demand from enterprises will propel the growth of cloud computing and other associated data services in the region. In addition, advancements in data center technology along with its integration with other associated services will be the key driving factor for the growth in the region.”


IMAGE FOR PUBLICATION – Please click this link for the chart

Enterprises across various countries in the APAC region continue to evolve in the today’s digital era, as they focus on leveraging the distributed, always-on, interconnected digital services, to pursue their digital transformation program. Additionally, the active involvement of leading vendors to further enhance their competency too has been a key factor driving the overall market. 


Internet companies, along with cloud vendors in China, continue to make significant impact on the increased demand for data center and hosting services. Some of the major vendors operating in the country include Alibaba, Tencent, Sinnet, China Telecom and China Unicom. 


Internet Initiative Japan (IIJ) completed 50MW data center in April 2019, whereas Kyocera and MC Digital Realty have announced plans to build data centers. 


The New South Wales government in Australia pledged US$100m in February 2019 to develop regional data centers to enhance Internet connectivity, as a part of its US$400m million regional digital connectivity package. 


In India, Oracle opened cloud data center in October 2019, as a part of its plan to build 20 data centers globally. Leading telcos in India such as Reliance Jio and Airtel too have announced plans to open data centers in the country.


In South Korea, Equinix and Oracle have opened data centers, whereas Digital reality and Samsung too have announced plans to build data centers in the country.


Sunil concludes, “Connected ecosystem growth facilitated by increasing Internet of Things (IoT) penetration and 5G launch, adoption of new technologies like artificial intelligence (AI) and virtual reality (VR) will foster increased data storage and processing capabilities demand, resulting in increased construction and developments related to the data centers and hosting in the region.”

ENDS


For more information Analysts available for comment. Please contact the GlobalData Press Office:

Asia-Pacific: +91 40 6616 6809EMEA & Americas: +44 (0)207 832 4399 Email: pr@globaldata.com


To gain access to our latest press releases and expert analysis on developments in your industry, please connect with us on:GlobalData | LinkedIn | Twitter


Notes to Editors

• Comments provided by Sunil Kumar Verma, Lead ICT Analyst at GlobalData

• Information based on GlobalData’s Market Opportunity Forecasts Model

• GlobalData Market Opportunity Forecasts Model provides revenue opportunity forecasts for 15 IT solutions for the period 2019-2023, spanning 17 technology segments, 37 geographical markets, six regions, 22 verticals and two size bands

• This report was built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by GlobalData’s team of industry experts


About GlobalData 4,000 of the world’s largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData’s unique data, expert analysis and innovative solutions, all in one platform. GlobalData’s mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, financial, technology and professional services sectors.


#PressRelease #Cloud #DataCenter

@OpinePR is a Targeted Press Release Distribution Service of @OpineMediaGroup

- submit Press Releases to: opinepr@pr2web.com

4 views
Join our mailing list

Never miss an update

  • Facebook Social Icon
  • LogoMark1-379x262
  • LinkedIn Social Icon
  • nuzzel
  • download (1)

© 2019 by Opine Media Group

We only post content submitted to Opine Media Group.

Opine Media Group Services:
  > Social Media Distribution
     (Basic and Promoted Service)
  > Press Release Distribution
  > Blog Post Distribution
  > Interview and Story Board
  > Other Press Release Services
     Coming Soon